Breakout in NSC

This topic has 1 reply, 1 voice, and was last updated 8 years, 3 months ago by Steven Place.

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March 12, 2014 at 9:21 am #2482

Steven Place
Keymaster

Great relative strength and a very nice cup and handle pattern.

The Apr 95 calls at 2.90 or lower is the trade I like, with a stop at 93.28.

April 7, 2014 at 10:20 am #2483

Steven Place
Keymaster

THe stock broke out, but then just chopped around for a month. Instead of having price risk in this trade, we had theta risk (not fun).

Sell to close the April 95 calls for 2.00.

I will definetly keep this on the watchlist due to its relative strength, and will rebuy MAY calls if it breaks out.
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